Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • International
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • International
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
  • Latest
  • Business
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • All Woman
  • Career & Education
  • Environment
  • Webinars
  • More
    • Football
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Classifieds
  • Design Week
Time for change
A number of people do not have an income after retirement
Front Page, News
Tamoy Ashman | Reporter |ashmant@jamaicaobserver.com  
May 13, 2024

Time for change

Minister says country needs to reassess traditional notions of retirement

THE continued decline of Jamaica’s birth rate has highlighted the need to reassess traditional notions of retirement, said Minister of Labour and Social Security Pearnel Charles Jr who emphasised the imperative for society to adapt to the changing landscape.

“The birth rate is declining while the mortality age is increasing, and therefore we have to adjust in our thinking about how we treat with persons after the current age of retirement,” said Charles Jr.

The minister was speaking at the launch of Worker’s Week and Labour Day on Friday, held under the theme: ‘Ramp up di access…show that you care’. This year the focus will be on persons with disabilities, the elderly, and the vulnerable.

He referred to recently published news articles which stated that, according to the Jamaica Population Health Status Report 2000- 2022, which was tabled in the Parliament last week, Jamaica’s crude birth rate, which is the number of annual live births per 1,000 population, declined by 10.2 percentage points from 21.7 per 1000 population in 2000 to 11.4 per 1000 population in 2022.

The report further stated that in 2019 there were more than 576,738 Jamaicans under the age of 15 compared to 261,750 Jamaicans over the age of 65. However, between 2000 and 2019 the child population decreased while the elderly population grew by 32.6 per cent.

“A big part of what we’re discussing at the ministry now is how do we contemplate the future of work that must contemplate the future of integration of [the elderly] cohort. You cyah go home and sit down any more just like that,” the minister said.

“We have a lot to think about in terms of the new frontier in which all citizens will have to now participate to their full capacity,” he stressed.

Of the 1,320,400 people in the workforce up to October 2023, according to Statistical Institute of Jamaica, approximately only 20 per cent of them are part of a pension plan.

This means a majority of people retiring will have to find other sources of income when they leave the workforce.

And according to Financial Services Commission, as at June 30, 2022 the total value of assets in the pensions industry amounted to $705.58 billion.

Worker’s Week and Labour Day celebratory activities will commence on May 17, ending on May 23.

The minister said activities will be tailored to celebrate the progress of Jamaican workers and the labour movement, from its birth to an era of industrial harmony when workers now have a right to representation in the bargaining process.

“That industrial harmony is not just happening by coincidence. It is happening through a very deliberate approach to ensure that there is a space created by our permanent secretary and by our team for people to come and safely have discussions,” he said.

The minister further noted that Jamaica has made significant progress implementing provisions under the Disabilities Act of 2014, to safeguard the rights of persons with disabilities.

He said that this year’s focus is a call to action for all Jamaicans to pledge their support in fostering the inclusivity that is necessary — moving beyond talk to action.

“It serves as a reminder that everyone of us — regardless of our challenges, regardless of our abilities — that we are all in circumstances that merit equal access to opportunities and services,” said Charles Jr, adding that all Jamaicans will benefit from increased access.

“Our focus is on providing access but it surpasses just physical access, and this is something that we want to reiterate. We are talking now about access to education, access to financial and social support, and access to employment opportunities,” said the minister.

{"xml":"xml"}{"jamaica-observer":"Jamaica Observer"}
img img
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

Regional forum explores storytelling as tool for motorcycle safety advocacy
Latest News, News
Regional forum explores storytelling as tool for motorcycle safety advocacy
July 16, 2025
KINGSTON, Jamaica- Harnessing the power of storytelling to influence behaviour and encourage greater compliance with helmet wearing was a key focus of...
{"jamaica-observer":"Jamaica Observer"}
Gov’t recommits to supporting MSMEs – PM Holness
Latest News, News
Gov’t recommits to supporting MSMEs – PM Holness
July 16, 2025
KINGSTON, Jamaica - Prime Minister, Andrew Holness, has reaffirmed the Government’s commitment to improving access to financing for micro, small and m...
{"jamaica-observer":"Jamaica Observer"}
Fewer testing days coming for PEP students
Latest News, News
Fewer testing days coming for PEP students
July 16, 2025
ST JAMES, Jamaica — Beginning in 2026, grade-six students taking the Primary Exit Profile (PEP) exams will face fewer testing days with mathematics an...
{"jamaica-observer":"Jamaica Observer"}
Two women charged after mummified remains discovered in Westmoreland
Latest News, News
Two women charged after mummified remains discovered in Westmoreland
July 16, 2025
KINGSTON, Jamaica — Several charges have been laid against two Westmoreland women following the discovery of the body of 69-year-old woman in a mummif...
{"jamaica-observer":"Jamaica Observer"}
Consultant explores how businesses are falling short at social media
Bookends, Business, Latest News
Consultant explores how businesses are falling short at social media
July 16, 2025
Local entities, especially small businesses, may not be using social media to their full advantage, one media consultant and author has suggested. Ela...
{"jamaica-observer":"Jamaica Observer"}
Two men charged for receiving stolen property
Latest News, News
Two men charged for receiving stolen property
July 16, 2025
KINGSTON, Jamaica – Two men have been charged with receiving stolen property and conspiracy to receiving stolen property following an incident in Mike...
{"jamaica-observer":"Jamaica Observer"}
Gasoline up $1.04, $0.90, Diesel down $0.25
Latest News
Gasoline up $1.04, $0.90, Diesel down $0.25
July 16, 2025
KINGSTON, Jamaica — Motorists should see an increase at the pumps in the price of gasoline effective Thursday, July 17, according to the latest ex-ref...
{"jamaica-observer":"Jamaica Observer"}
PNP’s Chris Brown demands full investigation into $244m Annotto Bay coastal protection project
Latest News, News
PNP’s Chris Brown demands full investigation into $244m Annotto Bay coastal protection project
July 16, 2025
ST MARY, Jamaica -   People’s National Party (PNP) caretaker for St Mary South East, Christopher Brown is calling for a full and transparent investiga...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct